Miller Market Neutral Income Fund I (MMNIX)
10.97
-0.01
(-0.09%)
USD |
Jan 14 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.69% | 133.53M | -- | 406.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 86.15M | 10.13% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
25
-236.19M
Peer Group Low
552.70M
Peer Group High
1 Year
% Rank:
35
86.15M
-121.64M
Peer Group Low
2.067B
Peer Group High
3 Months
% Rank:
13
-139.30M
Peer Group Low
858.81M
Peer Group High
3 Years
% Rank:
28
-1.720B
Peer Group Low
2.582B
Peer Group High
6 Months
% Rank:
35
-71.96M
Peer Group Low
945.15M
Peer Group High
5 Years
% Rank:
48
-1.129B
Peer Group Low
2.952B
Peer Group High
YTD
% Rank:
--
--
Peer Group Low
--
Peer Group High
10 Years
% Rank:
40
-628.23M
Peer Group Low
8.867B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 15, 2026.
Asset Allocation
As of October 31, 2025.
| Type | % Net |
|---|---|
| Cash | 48.03% |
| Stock | -41.61% |
| Bond | 87.66% |
| Convertible | 9.24% |
| Preferred | 0.00% |
| Other | -3.32% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD Cash
|
46.31% | -- | -- |
| BlackRock Liquidity T-Fund Institutional | 3.68% | 1.00 | 0.00% |
| United States of America USGB 11/28/2025 FIX USD Government (Matured) | 3.47% | 100.00 | 0.00% |
| AKAMAI TECHNOLOGIES, INC. AKAM 0.25 05/15/2033 FIX USD Corporate 144A | 2.64% | 114.82 | 0.16% |
| BRIDGEBIO PHARMA, INC. BRIDGPH 1.75 03/01/2031 FIX USD Corporate 144A | 2.64% | 173.76 | -1.51% |
| Tetra Tech, Inc. TETRTEC 2.25 08/15/2028 FIX USD Corporate 144A | 2.32% | 114.18 | 0.92% |
| CLOUDFLARE, INC. CLOUDFI 0.0 06/15/2030 FIX USD Corporate 144A | 2.28% | -- | -- |
| FirstEnergy Corp. FE 4.0 05/01/2026 FIX USD Corporate | 2.27% | 103.28 | 0.39% |
| Alliant Energy Corporation LNT 3.25 05/30/2028 FIX USD Corporate 144A | 2.25% | 103.12 | 0.16% |
| Super Micro Computer, Inc. SUPEMIC 0.0 06/15/2030 FIX USD Corporate 144A | 2.22% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.76% |
| Administration Fee | 35.17K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-14-26) | 2.02% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 118 |
| Stock | |
| Weighted Average PE Ratio | 14.89 |
| Weighted Average Price to Sales Ratio | 7.053 |
| Weighted Average Price to Book Ratio | 23.04 |
| Weighted Median ROE | 179.1% |
| Weighted Median ROA | 27.70% |
| ROI (TTM) | 29.68% |
| Return on Investment (TTM) | 29.68% |
| Earning Yield | 0.0671 |
| LT Debt / Shareholders Equity | 4.139 |
| Number of Equity Holdings | 56 |
| Bond | |
| Yield to Maturity (10-31-25) | -0.82% |
| Effective Duration | -- |
| Average Coupon | 2.19% |
| Calculated Average Quality | 4.00 |
| Effective Maturity | 3.678 |
| Nominal Maturity | 3.678 |
| Number of Bond Holdings | 57 |
As of October 31, 2025
Growth Metrics
| EPS Growth (1Y) | 63.52% |
| EPS Growth (3Y) | 7.74% |
| EPS Growth (5Y) | -- |
| Sales Growth (1Y) | 22.44% |
| Sales Growth (3Y) | 31.82% |
| Sales Growth (5Y) | 38.95% |
| Sales per Share Growth (1Y) | 26.95% |
| Sales per Share Growth (3Y) | 37.47% |
| Operating Cash Flow - Growth Rate (3Y) | 16.96% |
As of October 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 12/29/2023 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MMNIX", "name") |
| Broad Asset Class: =YCI("M:MMNIX", "broad_asset_class") |
| Broad Category: =YCI("M:MMNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MMNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |